The stock of Black Diamond Group Ltd (TSE:BDI) reached all time low today, Nov, 11 and still has $3.29 target or 10.00% below today’s $3.65 share price. This indicates more downside for the $168.84 million company. This technical setup was reported by Barchart.com. If the $3.29 PT is reached, the company will be worth $16.88 million less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. About 159,939 shares traded hands or 1.00% up from the average. Black Diamond Group Ltd (TSE:BDI) has declined 3.71% since April 7, 2016 and is downtrending. It has underperformed by 9.86% the S&P500.
Black Diamond Group Ltd (TSE:BDI) Ratings Coverage
Out of 6 analysts covering Black Diamond Group Ltd. (TSE:BDI), 4 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 67% are positive. $20 is the highest target while $4.75 is the lowest. The $10.92 average target is 199.18% above today’s ($3.65) stock price. Black Diamond Group Ltd. has been the topic of 24 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock has “Sector Perform” rating given by RBC Capital Markets on Friday, August 14. The firm earned “Outperform” rating on Thursday, September 10 by BMO Capital Markets. The rating was upgraded by IBC on Friday, September 11 to “Sector Perform”. Raymond James downgraded the stock to “Outperform” rating in Thursday, November 12 report. On Wednesday, November 9 the stock rating was downgraded by Scotia Capital to “Sector Perform”. As per Tuesday, August 25, the company rating was upgraded by Raymond James. The stock of Black Diamond Group Ltd (TSE:BDI) has “Outperform” rating given on Friday, August 14 by Raymond James. Scotia Capital maintained the stock with “Outperform” rating in Friday, August 14 report.
More news for Black Diamond Group Ltd (TSE:BDI) were recently published by: Marketwired.com, which released: “Black Diamond Group Limited Announces Closing of $27.2 Million Bought Deal …” on July 26, 2016. Marketwired.com‘s article titled: “Black Diamond Group Announces the Strategic Acquisition of Vancouver Area …” and published on October 03, 2016 is yet another important article.
Black Diamond Group Limited is a Canada company, which rents and sells modular workforce accommodation and space rental solutions to clients in Canada, the United States and Australia. The company has a market cap of $168.84 million. The Firm offers lodging and other support services related to remote workforce accommodation and space rentals. It currently has negative earnings. It operates through the divisions, including Structures, Logistics, Energy Services and International.
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